https://www.taxtmi.com/caselaws?id=381523 The Tribunal upheld the deletion of the addition made under Section 68 of the Income-tax Act, finding that the assessee adequately proved the identity, creditworthiness, and genuineness of share applicants. The Tribunal emphasized that the assessee provided substantial documentation and referenced judicial precedents supporting the shift of onus to the Assessing Officer. The revenue's appeal was dismissed, affirming the decision of the CIT(A) to delete the addition. en-us Fri, 07 Jun 2019 00:00:00 +0530 Thu, 13 Jun 2019 06:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381523 The Tribunal upheld the deletion of the addition made under Section 68 of the Income-tax Act, finding that the assessee adequately proved the identity, creditworthiness, and genuineness of share applicants. The Tribunal emphasized that the assessee provided substantial documentation and referenced judicial precedents supporting the shift of onus to the Assessing Officer. The revenue's appeal was dismissed, affirming the decision of the CIT(A) to delete the addition. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381523